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Dec 30, 2012
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should it be a carbon tax, a cat capt. trade legislation? there are now conservative groups who are advancing with free-market branded solutions. the other day, a filler in the conservative booth, came out in support of a carbon tax. [applause] grover norquist chemo for about 16 hours. [laughter] definitely carbon taxes is bubbling up. rush right. and from a surprising source. people on the conservative side of the political spectrum, ultimately, i should not be a bar -- a partisan political issue. the day the sandy hit, i was with many people. >> of is just about to touch on that. fires burned homes with their democrats for republicans. the climate system does not care. hopefully, what we can do as scientists, is checked the risks and then the location details. but that is a whole different ball game. >> my name is carol stone. do you think the mayan calendar this year will have any effect? and what is the effect of the population in the world -- a billion on this issue of carbon -- >> violation? >> that -- there is a number of factors. whe
should it be a carbon tax, a cat capt. trade legislation? there are now conservative groups who are advancing with free-market branded solutions. the other day, a filler in the conservative booth, came out in support of a carbon tax. [applause] grover norquist chemo for about 16 hours. [laughter] definitely carbon taxes is bubbling up. rush right. and from a surprising source. people on the conservative side of the political spectrum, ultimately, i should not be a bar -- a partisan political...
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Dec 30, 2012
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, it was a payroll or corporate tax -- >> yeah. >> and imposed the carbon tax. now, you think that's not high enough, but it didn't -- for example -- >> well, i think the problem with that is -- and, grover norquist, by the way, he did decide -- well, you know, the thing -- i think what convinces conservatives is the fact that once they are smart enough -- and those who are smart enough to realize we're not making this stuff up, and there are most -- and i think a lot of them are smart enough to realize that, then, they start to think, well, gee, if we let -- if we continue to deny this, we'll reach a point where things happen like super sandys. and then, the government is going to -- that's pearl harbor and the government will take over like the government took over detroit and said, you can't make cars anymore. you're gonna make airplanes and you're not gonna make money. they don't want that to happen, so -- something gonna do about it before -- intervention now -- >> yeah. >> is better than more intervention later, more government -- >> right. >> intervention
, it was a payroll or corporate tax -- >> yeah. >> and imposed the carbon tax. now, you think that's not high enough, but it didn't -- for example -- >> well, i think the problem with that is -- and, grover norquist, by the way, he did decide -- well, you know, the thing -- i think what convinces conservatives is the fact that once they are smart enough -- and those who are smart enough to realize we're not making this stuff up, and there are most -- and i think a lot of them...
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Jan 1, 2013
01/13
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to make sure that families in america through the child tax credit, the earned income tax credit, and student loans are stabilized for their planning in the calendar year 2013. the r&d tax credit is extended. there is a lot in this package that's good. there is a lot in this package, i should say, there's a lot that's not addressed at all in this package. we have a debt ceiling crisis pending. we have a sequestration crisis pending. it must be addressed. or it's going to have a huge drag on the united states' economy and in the case of the debt once again revisit the issue of default for the first time in american history. so it's not a perfect package. but it is something that gets us by while he we tackle the larger issues in the next congress. i pray god that next congress is more willing to compromise than this. i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from new york seek recognition? america online to address the house for one minute. the speaker pro tempore: without objection, the gentleman from new york is recognized f
to make sure that families in america through the child tax credit, the earned income tax credit, and student loans are stabilized for their planning in the calendar year 2013. the r&d tax credit is extended. there is a lot in this package that's good. there is a lot in this package, i should say, there's a lot that's not addressed at all in this package. we have a debt ceiling crisis pending. we have a sequestration crisis pending. it must be addressed. or it's going to have a huge drag on...
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Dec 30, 2012
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taxes. if they want to live in america, they should otherwise go back to where they came from. if you have got people just sitting there in the 51%, just sitting without rolling, we need to get them out of the boat. here's the thing, if you have a house and cannot pay your bills, you shut off the cable, the cell phone, you get rid of the excess going to mcdonald's when you do not have the money. we have a spending situation in our government and no one wants to shut it off. the thing about it is the american people want to keep printing money, but there is a day of reckoning coming. when it comes there will be no military and we will have chaos. host -- >> it seems that much of that is focusing on the sequestration budget cuts and the cliff. set to happen and take effect on january 31. other members of other sunday shows -- by the way, we air all of the network's sunday programs on c-span radio. here is what they had to say this morning on "state of the union." [video clip] >> you have to fo
taxes. if they want to live in america, they should otherwise go back to where they came from. if you have got people just sitting there in the 51%, just sitting without rolling, we need to get them out of the boat. here's the thing, if you have a house and cannot pay your bills, you shut off the cable, the cell phone, you get rid of the excess going to mcdonald's when you do not have the money. we have a spending situation in our government and no one wants to shut it off. the thing about it...
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Jan 1, 2013
01/13
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and i can report that we've reached an agreement on all of the tax -- the tax -- issues. we are very, very close, as the president just said. the most important piece, the piece that has to be done now, is preventing the tax hikes. the president said -- quote -- "for now, our most immediate priority is to stop taxes going up for middle-class families starting tomorrow." i agree. he suggested that action on the sequester is something we can continue to work on in the coming months. so i agree. let's pass the tax relief portion now, let's take what's been agreed to and get moving. let me say, this was not easy to get to. i mean, the vice president and i last spoke about -- yesterday about 12:45 this morning and then again at 6:30 this morning and then multiple times this morning. this has been clearly a -- a good-faith negotiation. we all want to protect taxpayers and we can get it done now. right now. so let me be clear, we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place
and i can report that we've reached an agreement on all of the tax -- the tax -- issues. we are very, very close, as the president just said. the most important piece, the piece that has to be done now, is preventing the tax hikes. the president said -- quote -- "for now, our most immediate priority is to stop taxes going up for middle-class families starting tomorrow." i agree. he suggested that action on the sequester is something we can continue to work on in the coming months. so...
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Dec 24, 2012
12/12
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it is funded by payroll taxes. there's a 12.4% tax on wages up to about $110,000. you make more than that then any money you make over that is not taxed for social security. it is divided equally between your employer and the worker. for the past two years, the workers share has been reduced. that has saved, by the way, if you are an average worker that is $1,000 tax cut. host: we can see in this pie chart where that money comes from. payroll taxes making nearly 83% and interest and taxation of benefits. we see the payouts. benefits, 90% of the money spent goes to benefits and administrative expenses and retirement. what are some of the other numbers we're seeing? guest: the interest is from the trust fund. so when the last time social security in 1983 they put in a system that generated more money in tax revenue than were being paid out in benefits. a trust fund was built up. so when social security had that additional money, the treasury holds it. they invest it in treasury bonds and those bonds earn interest. that is where that big portion of your income for the
it is funded by payroll taxes. there's a 12.4% tax on wages up to about $110,000. you make more than that then any money you make over that is not taxed for social security. it is divided equally between your employer and the worker. for the past two years, the workers share has been reduced. that has saved, by the way, if you are an average worker that is $1,000 tax cut. host: we can see in this pie chart where that money comes from. payroll taxes making nearly 83% and interest and taxation of...
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Dec 29, 2012
12/12
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the idea of sort of flat taxes or national retail sales tax, taxes have long been proposed and talked about. i mean, i think fundamentally, it sounds appealing, but, you know, what you're really talking about is relative to what we do now. you're talking about a much different way of raising -- much more revenue from lower and middle income people and less from the very rich. my sense is that's not where the american people are at. there is this sort of sense that higher income people raising the dollar revenue from them is sort of less harmful than it is from lower income folks. so, i mean, those debates are worth having, but i think when you actually get down to the specifics and play it out, things like a straight flat tax or national retail sales tax don't make a lot of sense. host: we've been talking with joseph rosenberg, a research associate at the tax policy center. if you want to get more information about the work that they do, you can go to our website, taxpolicycenter.org. part of the urban tax policy working center. thank you very much for being on the program. >> it is f
the idea of sort of flat taxes or national retail sales tax, taxes have long been proposed and talked about. i mean, i think fundamentally, it sounds appealing, but, you know, what you're really talking about is relative to what we do now. you're talking about a much different way of raising -- much more revenue from lower and middle income people and less from the very rich. my sense is that's not where the american people are at. there is this sort of sense that higher income people raising...
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Dec 28, 2012
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we should roll back the reagan tax cuts. tax cuts do not work. the bush tax cuts have been designed to be temporary. we have had no job growth due to the tax cuts. forbusinesses on the hook reinvesting their profits back into the businesses. thank you for taking my call. host: the story from "the washington times." host: other candidates that have been mentioned include the attorney general in massachusetts. he ran against scott brown and loss. congressman stephen lynch. name out of contention is ted kennedy, jr. he will not seek the seat. he was speculated to seek the seat of his late father. the decision to buck the dying inouye. senator daniel in a the swearing-in took place yesterday with joe biden. brian schatz becomes the senior senator with the new congress being formed on january the third. on the independent line -- jack on the independent line. caller: good morning. i bet a co-worker that we are going over the fiscal cliff. it is more of a slope than a cliff. it would be a year of complete in activity before we would see the real bite o
we should roll back the reagan tax cuts. tax cuts do not work. the bush tax cuts have been designed to be temporary. we have had no job growth due to the tax cuts. forbusinesses on the hook reinvesting their profits back into the businesses. thank you for taking my call. host: the story from "the washington times." host: other candidates that have been mentioned include the attorney general in massachusetts. he ran against scott brown and loss. congressman stephen lynch. name out of...
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Jan 2, 2013
01/13
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, anything to raise revenue by taxes, tax cuts. anything they say is going to hurt somebody, and that will be less of boats for them. i agree with the term limits. i believe we should drop the gerrymandering by getting rid of the party affiliations when you fill out your voter registration. if you don't have a party affiliation, they cannot tell who you are going to vote for. thank you for taking my call. >> thank you for calling in this evening. roger from orlando, please go ahead, republican. >> i just want to say we will never get up this fiscal mess until the democrats understand that you cannot spend more money than you have. families have to live with a so does the country. send it back to the senate's and their them not to pass it, and say happy new year. kreps philip and alabama, independent line. good evening -- philip in alabama. >> the people of this country have created this mess we are in. we are the ones that elected yahoos who are sitting there right now, not accomplishing one thing. we should have stayed out of iraq
, anything to raise revenue by taxes, tax cuts. anything they say is going to hurt somebody, and that will be less of boats for them. i agree with the term limits. i believe we should drop the gerrymandering by getting rid of the party affiliations when you fill out your voter registration. if you don't have a party affiliation, they cannot tell who you are going to vote for. thank you for taking my call. >> thank you for calling in this evening. roger from orlando, please go ahead,...
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Dec 31, 2012
12/12
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it's a tax on the value of the equipment or the land that has already been taxed with a property tax or a tax on the equipment. so there is a reason to have some accommodation in the death tax so that we will not face more unemployed people who work for a family-owned business or farm, and that is a -- it is if not the number-one issue of the farm bureau of this country, it's certainly in the top two or three because they know, they know what it's like to have to sell land that is not produive at a value that is not realistic and pay a tax, and a 55% tax is pretty confiscatory. so, mr. president, i do hope that we can come together on a bipartisan basis because if we don't come together on a bipartisan basis, nothing will get done bause we have the house that is looking to the united states senate, that is supposed to be the adult in the room, and they are looking at us to see how the votes turn out. and we need a large majority on both sides of the aisle to accepted to the houseomething that has a firm stamp of approval from this body. and we need the president to be a player here a
it's a tax on the value of the equipment or the land that has already been taxed with a property tax or a tax on the equipment. so there is a reason to have some accommodation in the death tax so that we will not face more unemployed people who work for a family-owned business or farm, and that is a -- it is if not the number-one issue of the farm bureau of this country, it's certainly in the top two or three because they know, they know what it's like to have to sell land that is not produive...
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Jan 1, 2013
01/13
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the tax-cut measure that they did. nobody making $40,000 a month needs a tax breaks. we discussed the tax thing in an earlier program. the middle class is paying for it. i didn't understand that liberals do not band together stronger and show a united force. it is okay to have obama as the president. if we say the president is caving in, we have power. guest: we have seen 26 straight months of private sector job gains. we have seen losses in the public sector. you can expect that public unemployment problem to get worse. progressives can get behind the president and claimed a win over the republicans. or they can hold out for the progressive principles that they originally wanted. i think in congress a lot of folks will wind up back in the president. host: guestok. good morning, steve. caller: happy new year. everybody is talking about going back to the clinton's tax brackets. do you think that is a good idea? andt: go back to the 1990's everybody did quite well. tic talk. apocalyps it is not all that much debilitating when people tend to save the money rather than sp
the tax-cut measure that they did. nobody making $40,000 a month needs a tax breaks. we discussed the tax thing in an earlier program. the middle class is paying for it. i didn't understand that liberals do not band together stronger and show a united force. it is okay to have obama as the president. if we say the president is caving in, we have power. guest: we have seen 26 straight months of private sector job gains. we have seen losses in the public sector. you can expect that public...
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Dec 31, 2012
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patch, the debt limit, other tax provisions . ergo, the perfect storm. major issues that this republican controlled house will not address until the wealthy are protected. we must address a sufficient number of these provisions to avert the perfect storm. to do so we must work to building the public confidence so we can continue, continue steady growth in the economy and jobs. the true way to avert the cliff. this is why we must do what is best for the middle and working class first. extend the bush tax for the middle class,, tend unemployment insurance, s.g.r., a.m.t. patch, delay the sequestration. those items which we can all agree upon. we've got to get to work. thank you, madam speaker. i yield back the balance of my time. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from new york rise? without objection. >> thank you, madam speaker. here we are on the last day of the calendar year 2012. with an impending fiscal cliff challenging all of us. the women and men who serve in this great body have express
patch, the debt limit, other tax provisions . ergo, the perfect storm. major issues that this republican controlled house will not address until the wealthy are protected. we must address a sufficient number of these provisions to avert the perfect storm. to do so we must work to building the public confidence so we can continue, continue steady growth in the economy and jobs. the true way to avert the cliff. this is why we must do what is best for the middle and working class first. extend the...
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Dec 27, 2012
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accounts receivables tax, cigarette tax, corporate income tax. host: etc., etc. ralph in illinois. caller: merry christmas. losing ground in a dozen wars and by outgoing a path for free medicine and replacing imported -- host: i think we got your point . do you have a position on the so-called war on drugs? guest: i shake my head a little bit. many of the advocates of legalizing marijuana of those that will lead the charge like the mayor in new york against smoking. in terms of marijuana, with the appropriate warnings and the like, you can make a case for it. when you get addicted to those things like cocaine, it is difficult to get you off of it. much harder than cigarettes and liquor. you have to have gradations. when people get paroled from prison, oftentimes a nuclear weapon. they go back to using drugs. do you throw them in for another five or 10 years? do you let them go? spend a night in jail. there is a lot of gradations on this thing. that debate will be joined. in terms of medical marijuana, there's an element of marijuana that i do not understand they cannot extract that
accounts receivables tax, cigarette tax, corporate income tax. host: etc., etc. ralph in illinois. caller: merry christmas. losing ground in a dozen wars and by outgoing a path for free medicine and replacing imported -- host: i think we got your point . do you have a position on the so-called war on drugs? guest: i shake my head a little bit. many of the advocates of legalizing marijuana of those that will lead the charge like the mayor in new york against smoking. in terms of marijuana, with...
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Dec 29, 2012
12/12
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the idea of sort of flat taxes or national retail sales tax, taxes have long been proposed and talked about. i mean, i think fundamentally, it sounds appealing, but, you know, what you're really talking about is relative to what we do now. you're talking about a much different way of raising -- much more revenue from lower and middle income people and less from the very rich. my sense is that's not where the american people are at. there is this sort of sense that higher income people raising the dollar revenue from them is sort of less harmful than it is from lower income folks. so, i mean, those debates are worth having, but i think when you actually get down to the specifics and play it out, things like a straight flat tax or national retail sales tax don't make a lot of sense. host: we've been talking with joseph rosenberg, a research associate at the tax policy center. if you want to get more information about the work that they do, you can go to our website, taxpolicycenter.org. part of the urban tax policy working center. thank you very much for being on the program. guest: tha
the idea of sort of flat taxes or national retail sales tax, taxes have long been proposed and talked about. i mean, i think fundamentally, it sounds appealing, but, you know, what you're really talking about is relative to what we do now. you're talking about a much different way of raising -- much more revenue from lower and middle income people and less from the very rich. my sense is that's not where the american people are at. there is this sort of sense that higher income people raising...
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Dec 31, 2012
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ultimately the american people will look at their property taxes, income taxes, estate taxes, sales taxes, and every other tax that they are being forced to pay and they will ask, who taxes and undermines my ability to take care of my family? mr. speaker, the history proves democrats raise taxes whenever they believe they can get away with it. conversely, history proves republicans protect as many american families as possible from democrat tax increases. mr. speaker, that is the fight the republican house fights today. republicans will fight today and republicans will fight tomorrow to protect as many american families as possible from the tax increases democrats passed when they controlled congress and the white house. and it is that difference, mr. speaker, that caused american voters to give republicans in the 2010 and 2012 elections their largest number of house of representatives victories in more than six decades. mr. speaker, fighting democrat tax increases, now that's a mandate. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from missouri,
ultimately the american people will look at their property taxes, income taxes, estate taxes, sales taxes, and every other tax that they are being forced to pay and they will ask, who taxes and undermines my ability to take care of my family? mr. speaker, the history proves democrats raise taxes whenever they believe they can get away with it. conversely, history proves republicans protect as many american families as possible from democrat tax increases. mr. speaker, that is the fight the...
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Dec 30, 2012
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is it just numbers in terms of tax brackets, were specific tax proposals? guest: believe what the two are fighting over is the threshold of the tax rates -- who is wealthy? people who make over $250,000 a year, or should that number be higher, $400,000, $500,000? another big sticking point is the estate tax. this has received a preferential tax rate dating back to the bush era tax cuts. it was extended again two years ago. that is the real sticking point. it divides the senate democrats. there are a number of senate democrats up for reelection in 2014 that not want to see that tax rate rise. that is a political football here as well. host: as we are in the final hours, what is motivating congress more, public perception, the stock market's? guest: i think it is both of those things. the stock market, all of the analysts i have talked to, they built in a certain amount of time to give congress a face to work this out. increasingly, there is concern that if they do not work this out, the markets will react. particularly kagel we go over the cliff and there is
is it just numbers in terms of tax brackets, were specific tax proposals? guest: believe what the two are fighting over is the threshold of the tax rates -- who is wealthy? people who make over $250,000 a year, or should that number be higher, $400,000, $500,000? another big sticking point is the estate tax. this has received a preferential tax rate dating back to the bush era tax cuts. it was extended again two years ago. that is the real sticking point. it divides the senate democrats. there...
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Dec 26, 2012
12/12
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our taxes. i am a republican and a bit less than $15,000 a year. i will pick up a beer can or a beer bottle when i am going down the street. most definitely. i have to collect them some days just to get by. as far as kicking the can of the road, i believe -- i do not believe in that. i think republicans have to face the fact that the conservatives always believe in a balanced budget. they always do. they have to scale down the monstrosity of a government they have. host: a reminder to all of our callers, please keep the sound of doubt on your tv set at home. -- keep the sound down on your tv set at home. here is a short piece from the interview on why the senator is leaving office. [video clip] >> many reasons. i have served here 20 years. less than 5 percent have serve that long. some of it is i am tired of living out of a suitcase. i miss 80% of my wife's birthdays and anniversaries. and i thought, it is time for somebody else to take this on. sometimes change is a good thing. after 26 years,
our taxes. i am a republican and a bit less than $15,000 a year. i will pick up a beer can or a beer bottle when i am going down the street. most definitely. i have to collect them some days just to get by. as far as kicking the can of the road, i believe -- i do not believe in that. i think republicans have to face the fact that the conservatives always believe in a balanced budget. they always do. they have to scale down the monstrosity of a government they have. host: a reminder to all of...
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Dec 28, 2012
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not even talking about state income-tax. pays for the costs of the paul in come tax with a decade. have students are nontraditional students. the half our traditional, they have a typical -- you have 10- years to pay back for the cost of the grant and 30 years of profits. is a 13%. they will all turn up not as much of federal government, but there is so the federal return to government. wises up thinking about this as a purely benefit to the student but a benefit also to the government decides financial's -- there are goods that go from 5 to education with the it is healthier, more civic -- warlock the to vote. but of good as some from a college education. we should be putting the highest priority and of the lowest possible priority. the states, the first place they cut is there or to government. we get what we sow and we think about or read our society to be in a few hundred years. not cutting the one thing that is a real embarrassment into the future. " a the thing i should say, i am sure that mark has a few things to add to, i will give you examples of a parent loan situation. i
not even talking about state income-tax. pays for the costs of the paul in come tax with a decade. have students are nontraditional students. the half our traditional, they have a typical -- you have 10- years to pay back for the cost of the grant and 30 years of profits. is a 13%. they will all turn up not as much of federal government, but there is so the federal return to government. wises up thinking about this as a purely benefit to the student but a benefit also to the government decides...
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Dec 29, 2012
12/12
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from the alternative minimum tax. it is all very urgent stuff that needs to be done. there are only two even remotely controversial pieces of this, what to do with the estate tax and where or how to define the wealthy people whose taxes are going to go up. the rest of it is basically protecting people from tax hikes, extending unemployment benefits for some time is controversial for republicans, but it appears to have a great they would do that if -- it appears that they have agreed. it can be relatively easily if they can reach agreement on what to do about taxes for the rich. >> in your article in the "washington post," this morning, you quote majority harry reid who says, whatever we come up with is going to be imperfect. he said on the floor before dozens of silent and a tentative senators, we're going to do the best we can for the country. it seems like he ihas made his decision. what is it going to take to get the rest of the folks to go along with him? >> we will not really know that until tomorrow. one of the
from the alternative minimum tax. it is all very urgent stuff that needs to be done. there are only two even remotely controversial pieces of this, what to do with the estate tax and where or how to define the wealthy people whose taxes are going to go up. the rest of it is basically protecting people from tax hikes, extending unemployment benefits for some time is controversial for republicans, but it appears to have a great they would do that if -- it appears that they have agreed. it can be...
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Dec 24, 2012
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in my opinion, all polls are tax deductions, but not all tax deductions are loopholes. a poll is a misuse of an intended deduction and using its in a way in which it was never intended. you agree? guest: i think local is a term that describes a tax advantage that i cannot get or you-- cannot get. -- loophole is a term. caller: we hear of republicans as broadening the tax base. by the pepco word for ge people -- i think that is code for people who are not paying anything now to start paying something. guest: 47% of the people don't pay income tax, but they do pay a other things. there's something called the earned income tax credit for that began in the ford administration. ronald reagan expanded its and bill clinton expanded further. an income-tax credits, low- income workers get a tax advantage to help you and your family, help keep you off welfare, social benefits you more to work and be on welfare. that was a virgin. mor -- that was a virtue. now people are getting up and arms about it saying half the people don't pay taxes. host: clarence page, a prediction, what ha
in my opinion, all polls are tax deductions, but not all tax deductions are loopholes. a poll is a misuse of an intended deduction and using its in a way in which it was never intended. you agree? guest: i think local is a term that describes a tax advantage that i cannot get or you-- cannot get. -- loophole is a term. caller: we hear of republicans as broadening the tax base. by the pepco word for ge people -- i think that is code for people who are not paying anything now to start paying...
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Dec 28, 2012
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-- on taxes? we are three days away from getting taxes raised. guest: we have seen a couple stories in recent days about the tea party influence in these talks or lack of influencing the talks. this is one of those tricky issues. a conversation is all about the deficit. the problem is how aggressive will they go after the deficit and what mix of spending cuts and tax increases will be part of the negotiations? it is a wait-and-see approach. whatever decision is made will annoy some interest groups, whether it aid charities or the housing industry or teachers, but the party. we will see some swift reaction. at this point, it's hard to know what to protest, because the deal is in flux and has fallen apart so many times. host: let another scenario on the table. a recent agreement on the fiscal cliff, another big issue will be raising the debt limit their there's also the issue of immigration,, the president wants to bring up in his state of the union. and the issue of maybe an assault weapon ban that could, and congress. some big ticket items. how i
-- on taxes? we are three days away from getting taxes raised. guest: we have seen a couple stories in recent days about the tea party influence in these talks or lack of influencing the talks. this is one of those tricky issues. a conversation is all about the deficit. the problem is how aggressive will they go after the deficit and what mix of spending cuts and tax increases will be part of the negotiations? it is a wait-and-see approach. whatever decision is made will annoy some interest...
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Jan 1, 2013
01/13
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bracket -- tax bracket. i would like to retire someday and to hear that social security and medicare will be affected. we will not have the money to spend on anybody when i retire and these programs will be very adversely affected. host: when the two sides get back to that of for the 113th congress in what people are saying it is round two, senate republicans are saying no debt ceiling increase until president obama and democrats put social security and medicare on the table. what do you think? caller: i do think we should be looking at spending cuts. if we keep in the autumn of programs where they are now, we will not have anything for anyone -- if we keep entitlement programs where they are now, we will not have anything for anyone in a few years. i agree with republicans in that. we do need to protect our country and have the military be the best it can be, but i would say we do not need to give them more money. i think that is one area where i see things differently than our republican colleagues. host:
bracket -- tax bracket. i would like to retire someday and to hear that social security and medicare will be affected. we will not have the money to spend on anybody when i retire and these programs will be very adversely affected. host: when the two sides get back to that of for the 113th congress in what people are saying it is round two, senate republicans are saying no debt ceiling increase until president obama and democrats put social security and medicare on the table. what do you think?...
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Dec 28, 2012
12/12
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tax revenue for the government. i want to urge congress and senators to vote for keeping our tax cuts in place, especially for the middle class and pushing our fiscal crisis to a balanced approach. go ahead and eliminate those tax cuts for the wealthiest individuals. if we all look at it and tried to consider what was going to work for the best, we needed to look at consumer demand. consumer demand is in the 98% of us who are out there driving the economy. the economy require strong consumer sentiment and strong business. i am urging congress to take action. stop playing games. let's move on. thank you. [applause] >> thank you so much, bob. it's a wonderful to have a sensible message from a a small business who really knows what makes our country work. now, i am honored to introduce to you stu and theresa. the mother of three in maryland and will talk to us about the reality she experiences both house and mother but also working within the community college system. sue. >> thank you for coming. i live nearby in mary
tax revenue for the government. i want to urge congress and senators to vote for keeping our tax cuts in place, especially for the middle class and pushing our fiscal crisis to a balanced approach. go ahead and eliminate those tax cuts for the wealthiest individuals. if we all look at it and tried to consider what was going to work for the best, we needed to look at consumer demand. consumer demand is in the 98% of us who are out there driving the economy. the economy require strong consumer...
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Dec 27, 2012
12/12
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accounts receivables tax, cigarette tax, corporate income tax. host: etc., etc. ralph in illinois. caller: merry christmas. losing ground in a dozen wars and by outgoing a path for free medicine and replacing imported wood -- host: i think we got your point. do you have a position on the so-called war on drugs? guest: i shake my head a little bit. many of the advocates of legalizing marijuana of those that will lead the charge like the mayor in new york against smoking. in terms of marijuana, with the appropriate warnings and the like, you can make a case for it. when you get addicted to those things like cocaine, it is difficult to get you off of it. much harder than cigarettes and liquor. you have to have gradations. when people get paroled from prison, oftentimes a nuclear weapon. they go back to using drugs. do you throw them in for another five or 10 years? do you let them go? spend a night in jail. there is a lot of gradations on this thing. that debate will be joined. in terms of medical marijuana, there's an element of marijuana that i do not understand they cannot extract
accounts receivables tax, cigarette tax, corporate income tax. host: etc., etc. ralph in illinois. caller: merry christmas. losing ground in a dozen wars and by outgoing a path for free medicine and replacing imported wood -- host: i think we got your point. do you have a position on the so-called war on drugs? guest: i shake my head a little bit. many of the advocates of legalizing marijuana of those that will lead the charge like the mayor in new york against smoking. in terms of marijuana,...
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Dec 27, 2012
12/12
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tax immunity. they have a very cozy system of tax immunity. the tragedy is when you have an economy like greece's going to a tailspin and you have a massive immunization of national income, and the central bank is effectively kaput, you can really improve your tax collection methods because there is no income tax. people just do not make money any more. even the rich do not make money. other than the money they have already accumulated through geneva or frankfurt. they are not making money. how can you improve your tax mechanism when there's no income tax? that is the second question. the first question -- i am not worried about inflation at all. in this country, there is this fixation with quantity -- quantitative easing. bernanke's attempt to stabilize the american economy. it is a policy that i have encountered ever since i came to this country. mr. bernanke is printing money. he is not printing money. quantitative easing is not an increase in the supply of money. if it were, you could talk abou
tax immunity. they have a very cozy system of tax immunity. the tragedy is when you have an economy like greece's going to a tailspin and you have a massive immunization of national income, and the central bank is effectively kaput, you can really improve your tax collection methods because there is no income tax. people just do not make money any more. even the rich do not make money. other than the money they have already accumulated through geneva or frankfurt. they are not making money. how...
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Dec 25, 2012
12/12
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increase january 1, the payroll tax will go up. we had a bit of a bend because of the recession and the attempt to put more money in people's pockets so you were taking money away from social security in that regard. it is not that people have been spending it, it has become as opposed to locked in a box -- it has become more fungible in terms of the economic crisis. politicians have spent some of the social security money but the bigger issues is with medicare and entitlement programs that have grown larger a last few decades. some of them will get partially cut -- things like supplements for seniors and food programs -- those things are now on the table. the age of eligibility for medicare, even the republicans are open to that idea. president obama is open to the idea of linking the consumer price index to a lower rate of growth, the so-called chain cpi and what that will mean for medicare and social security and all the entitlement programs. it will slow growth and decrease the amount of checks that go out to people who get mon
increase january 1, the payroll tax will go up. we had a bit of a bend because of the recession and the attempt to put more money in people's pockets so you were taking money away from social security in that regard. it is not that people have been spending it, it has become as opposed to locked in a box -- it has become more fungible in terms of the economic crisis. politicians have spent some of the social security money but the bigger issues is with medicare and entitlement programs that...
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Dec 26, 2012
12/12
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system -- a saner tax system. we can follow a framework as recommended by the simpson- bowles commission that will allow us to protect benits but will also make some of the tough choices that kelly was talking about. i think we have to put everything on the table for that kind of a deal. we have to look at revenues. we have to look of the domestic side of the budget. we of the look of the defense side. and we have to look at the mandatory program. i think we do have to make some tough choices. bui also believe that getting that done will provide tremendous certainty for businesses in this country, for families so they know what we are expecting. and that that will really give our economy a shot in the arm, and get money off the sidelines and allow business to invest in with that creates jobs. that is what we need to do for the future. the other party that i have been working on and that we have made so progress but we will continue is the country's energy policy. my foc has been on energy efficiency. energy is the
system -- a saner tax system. we can follow a framework as recommended by the simpson- bowles commission that will allow us to protect benits but will also make some of the tough choices that kelly was talking about. i think we have to put everything on the table for that kind of a deal. we have to look at revenues. we have to look of the domestic side of the budget. we of the look of the defense side. and we have to look at the mandatory program. i think we do have to make some tough choices....
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Dec 25, 2012
12/12
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provided knows the poll tax -- everybody knows the poll tax. he voted against the civil rights bill. he was opposed to the ways it was being done. the congress was going to step in and say you cannot use the poll tax. byrd said do it right. eventually it was rejected. byrd voted for it. two years later, congress comes back with a constitutional amendment and byrd voted for it. he voted for it once they did it right with a constitutional amendment. he filibustered, it is true. there was a 14 hour filibuster. not one racial word in the whole thing. read through the thing. "let's make this thing right and i can support it." racist. read throughout the filibuster. there is not one racial thing. the whole thing is basically constitutional law. he was disagreeing with the way it was being done. this was about literacy tests. here he is talking abouthe opposed them on that measure. it proposes two different ways to do this constitutionally. that is what is left out. congress could do that. and that would be done. he voted against that bill because of
provided knows the poll tax -- everybody knows the poll tax. he voted against the civil rights bill. he was opposed to the ways it was being done. the congress was going to step in and say you cannot use the poll tax. byrd said do it right. eventually it was rejected. byrd voted for it. two years later, congress comes back with a constitutional amendment and byrd voted for it. he voted for it once they did it right with a constitutional amendment. he filibustered, it is true. there was a 14...
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Dec 25, 2012
12/12
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back it up a little bit. 1960, the senate was considering of legislation to abolish coal tax. byrd voted against it. byrd tried to explain he was not opposed to the intent of the legislation, but it goes against the state rights. therefore, congress cannot step in and say -- byrd said to do it right. he said he could not vote on it if it was going to be done this way. two years later, congress comes back with a constitutional amendment and byrd voted for it. he voted for it once they did it right with a constitutional amendment. he filibustered, it is true. there was a 14 hour filibuster. read through the thing. everyone points out him being racist. read throughout the filibuster. there is not one racial thing. the whole thing is basically constitutional law. he makes clear to make it right before he can support it. he agrees that there should be no discrimination in the standards. the objective sought -- the objective here is a worthy one. he concurs with the objective. here he is talking about literacy tests. the constitution does not limit to that. he opposed them on that m
back it up a little bit. 1960, the senate was considering of legislation to abolish coal tax. byrd voted against it. byrd tried to explain he was not opposed to the intent of the legislation, but it goes against the state rights. therefore, congress cannot step in and say -- byrd said to do it right. he said he could not vote on it if it was going to be done this way. two years later, congress comes back with a constitutional amendment and byrd voted for it. he voted for it once they did it...